Diplomová práce

The Effect of Ownership Structure on Corporate Financial Performance

Robbert Kluwer
Anotace

Since 1924 people have been contemplating about the influence of the power struggle between the owners of a firm and their agents. Despite numerous researches that have been produced over the years, a clear consensus about the results of that struggle on the finances of a firm has not surfaced. This study has looked into a number of 32 studies and over 160.000 observations to get a clearer overview …více

Abstract

Since 1924 people have been contemplating about the influence of the power struggle between the owners of a firm and their agents. Despite numerous researches that have been produced over the years, a clear consensus about the results of that struggle on the finances of a firm has not surfaced. This study has looked into a number of 32 studies and over 160.000 observations to get a clearer overview …více

Klíčová slova
Ownership structure ownership concentration corporate financial performance shareholder meta-analysis
Zadání práce
Objective of the thesis:
The objective of this thesis is to analyse the effect of ownership concentration on the corporate financial performance in a chosen country.
Work flow and methods used in thesis:
In the first part, the author will use academic literature to define the key relevant concepts and their relations – he or she will examine the methods of measuring corporate financial performance and ownership concentration and identify factors, which can affect the link between concentration and performance.
In the second, practical part, the author will analyse firm level data in order to confirm or disprove the effect of the ownership concentration on financial performance. The results will be compared with the studies reviewed in the first part of the thesis.
Administrativní informace
Práce zkontrolována:
15. 5. 2017 09:52, doc. Ing. Ondřej Částek, Ph.D., učo 4209
Plný text práce
1005,7 KB / soubor PDF
Jazyk práce
angličtina angličtina
Termín obhajoby
22. 6. 2017
Práce byla úspěšně obhájena

Vedoucí

doc. Ing. Ondřej Částek, Ph.D., učo 4209
KPEM ESF MU

Oponent

doc. Ing. Petr Pirožek, Ph.D., učo 102532

Literatura

  • HANOUSEK, Jan; Evžen KOČENDA a Jan ŠVEJNAR. Origin and concentration : corporate ownership, control and performance. Prague: CERGE-EI, 2005, 48 s. ISBN 8073440377.
  • ČÁSTEK, Ondřej. The Effect of Ownership Structure on Corporate Financial Performance in the Czech Republic. In Dr. Maria Th. Semmelrock-Picej and Dr Ales Novak. Proceedings of the 9th European Conference on Management, Leadership and Governance. 1. vyd. Reading (UK): Academic Publishing International Limited, 2013, s. 7-15. ISBN 978-1-909507-88-3.
  • HANOUSEK, J. a ET AL. Firm Efficiency: Domestic Owners, Coalitions, and FDI. Economic Systems. 2012, roč. 36, č. 4, s. 471-486.
  • KRIVOGORSKY, V. a G. GRUDNITSKI. Country-specific institutional effects on ownership: concentration and performance of continental European firms. Journal of Management & Governance. 2010, roč. 14, č. 2, s. 167-193.
  • THOMSEN, S.; T. PEDERSEN a H.K. KVIST. Blockholder ownership: Effects on firm value in market and control based governance systems. Journal of Corporate Finance. 2006, roč. 12, s. 246-269.
Citovat tuto práci
Masarykova univerzita Ekonomicko-správní fakulta
Studijní program
Ekonomika a management
Obor

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